Healthcentric Advisors Inc

Analysis

Healthcentric Advisors Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Healthcentric Advisors Inc reported income of $7.0m and spending of $6.0m, spending 86% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $6.2m to $7.0m (+13%), an average of +4.1% a year. The sharpest change came in the year to July 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcentric Advisors Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Hawaii Organ Procurement Organization ($7.0m), Hopekids Inc ($7.0m) and Center for Aging and Rehabilitation of Gulf County Inc ($7.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $837k (14% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.3m against liabilities of $1.8m, net assets of $3.5m. It reported 44 employees.